The Best B-Schools-2009

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Executive Summary: Our B-school coverage also unearths another transformation sweeping the corporate landscape. With Lehman Brothers and Bear Stearns evaporating overnight, and many of the world’s top investment banks still reeling from the mortgage derivative debacle, finance—the holy grail of MBA students—has virtually vanished as a career option. In general, the slowdown has forced campus recruiters to drastically slash hiring or stop recruiting students for the year altogether. This has meant that the era of stratospheric salaries has ended, and graduates have been forced to significantly lower their expectations. Another interesting trend: Management programmes at some of the major IITs have started to become attractive options due to their ability to churn out quick, unpretentious minds who are interested in both the job as well as the pay package rather than just the latter.